Best Crypto to Buy Today March 5 – Starknet, Theta Network, Optimism
In wake of a wild day of Bitcoin price action that saw the BTC price hit new all-time highs above $69,000 before profit-taking then drove it briefly back below $60,000, investors are reassessing the market and mulling what could be the best crypto to buy today.
Bitcoin pushed as high as the $69,300s on Coinbase, but this seemingly triggered a wave of profit-taking.
The prior all-time highs at $69,000 were undoubtedly a major profit target for many investors and traders.
However, the scale of the profit-taking appeared to catch some market participants off guard.
As per Coinglass, Tuesday saw the liquidation of nearly $900 million in leveraged long futures positions. Total liquidations rose above $1 billion.
The forced closure of leveraged long positions in the futures market triggered intense, though short-lived, sell pressure in the spot market, driving BTC as low as $60,000 intra-day.
But the Bitcoin bulls were waiting eagerly to secure their bag at sub-$60,000 levels again.
And the Bitcoin price has since rebounded nearly as quickly as it fell to the $64,000s.
Traders will be watching to see whether BTC can continue its recovery and close convincingly above $69,000 this week.
In the meantime, if they have been taking profit on their BTC bag, investors will be scouring the altcoin markets for new opportunities.
Here are some of the best-performing coins that could be the best crypto to buy today.
Ethereum layer-2 scaling protocol Starknet has pumped up over 25% in the past 24 hours, as per CoinMarketCap.
The sudden price pump comes two weeks on from the protocol’s initial STRK token airdrop.
With a still modest market cap of just over $1.6 billion, STRK could have plenty of room left to run to the upside.
That’s assuming the new
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